Ciena Corp (CIEN)
Number of days of payables
| Nov 2, 2024 | Jul 27, 2024 | Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.42 | 7.18 | 7.09 | 7.84 | 7.89 | 6.11 | 5.19 | 4.62 | 4.02 | 4.78 | 5.91 | 6.32 | 5.33 | 5.83 | 6.29 | 7.35 | 6.41 | 6.45 | 6.30 | 5.17 | |
| Number of days of payables | days | 67.33 | 50.81 | 51.47 | 46.56 | 46.26 | 59.74 | 70.27 | 78.93 | 90.89 | 76.37 | 61.78 | 57.76 | 68.47 | 62.60 | 58.01 | 49.69 | 56.91 | 56.63 | 57.96 | 70.65 |
November 2, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.42
= 67.33
The number of days of payables for Ciena Corp has fluctuated over the past few periods. Based on the data provided, the company's number of days of payables has ranged from a low of 46.26 days to a high of 90.89 days. The average number of days of payables over these periods is approximately 61.29 days.
The trend in the number of days of payables indicates some volatility, with periods of shorter payment cycles followed by longer payment cycles. This could be indicative of fluctuations in the company's relationships with suppliers, changes in the company's payment policies, or variations in overall market conditions.
It is important for stakeholders to monitor changes in the number of days of payables as it can have implications for the company's working capital management, cash flow, and overall financial health. A longer number of days of payables may indicate that the company is taking longer to pay its suppliers, which could strain relationships or suggest potential liquidity issues. On the other hand, a shorter number of days of payables may indicate efficient cash management but could also potentially signal aggressive negotiation tactics with suppliers.
Overall, a detailed analysis of the reasons behind the fluctuations in the number of days of payables is necessary to gain a deeper understanding of Ciena Corp's financial performance and strategic decisions.
Peer comparison
Nov 2, 2024